SANBO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SANBO
Largest movements
- Cash -€133,390
down €133,390 (-71.8%), from €185,708 to €52,318
mainly Receivables within one year (-€129,183) and Trade debts (-€9,543)
- Receivables within one year +€129,183
up €129,183 (+278.5%), from €46,381 to €175,564
of which Other amounts receivable: +€96,449
- Deferred charges and accrued income +€8,263
up €8,263 (+475.6%), from €1,737 to €10,000
- Trade debts -€9,543
down €9,543 (-42.0%), from €22,737 to €13,194
- Tax, wage and social debts +€8,858
up €8,858 (+471.0%), from €1,881 to €10,738
- Reserves +€4,785
up €4,785 (+3.1%), from €156,389 to €161,174
- Other operating charges +€3,584
up €3,584 (+1095.6%), from €327 to €3,911
- Gross operating margin -€2,857
down €2,857 (-14.2%), from €20,085 to €17,228
- Financial charges -€887
down €887 (-15.9%), from €5,590 to €4,703
- Taxes -€862
down €862 (-23.6%), from €3,650 to €2,788
- Depreciation -€585
down €585 (-30.7%), from €1,904 to €1,319
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,391 | €240,376 | +€3,985 | +1.7% |
| Fixed assets | 21/28 | €2,565 | €2,493 | -€71 | -2.8% |
| Tangible fixed assets | 22/27 | €2,565 | €2,493 | -€71 | -2.8% |
| Plant, machinery and equipment | 23 | €512 | €398 | -€114 | -22.3% |
| Furniture and vehicles | 24 | €2,052 | €2,095 | +€43 | +2.1% |
| Current assets | 29/58 | €233,826 | €237,882 | +€4,056 | +1.7% |
| Amounts receivable within one year | 40/41 | €46,381 | €175,564 | +€129,183 | +278.5% |
| Trade receivables | 40 | €37,174 | €69,908 | +€32,734 | +88.1% |
| Other amounts receivable | 41 | €9,207 | €105,656 | +€96,449 | +1047.6% |
| Cash at bank and in hand | 54/58 | €185,708 | €52,318 | -€133,390 | -71.8% |
| Deferred charges and accrued income | 490/1 | €1,737 | €10,000 | +€8,263 | +475.6% |
| Total equity and liabilities | 10/49 | €236,391 | €240,376 | +€3,985 | +1.7% |
| Equity | 10/15 | €168,789 | €173,574 | +€4,785 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €156,389 | €161,174 | +€4,785 | +3.1% |
| Distributable reserves | 133 | €156,389 | €161,174 | +€4,785 | +3.1% |
| Amounts payable | 17/49 | €67,601 | €66,802 | -€799 | -1.2% |
| Amounts payable within one year | 42/48 | €67,601 | €66,802 | -€799 | -1.2% |
| Trade debts | 44 | €22,737 | €13,194 | -€9,543 | -42.0% |
| Suppliers | 440/4 | €22,737 | €13,194 | -€9,543 | -42.0% |
| Taxes, remuneration and social security | 45 | €1,881 | €10,738 | +€8,858 | +471.0% |
| Taxes | 450/3 | €1,881 | €10,738 | +€8,858 | +471.0% |
| Other amounts payable | 47/48 | €42,984 | €42,870 | -€114 | -0.3% |
| Non-recurring operating income | 76A | €7,438 | - | -€7,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,904 | €1,319 | -€585 | -30.7% |
| Other operating charges | 640/8 | €327 | €3,911 | +€3,584 | +1095.6% |
| Non-recurring operating charges | 66A | €441 | €607 | +€167 | +37.8% |
| Gross operating margin | 9900 | €20,085 | €17,228 | -€2,857 | -14.2% |
| Operating profit (loss) | 9901 | €17,413 | €11,390 | -€6,023 | -34.6% |
| Financial income | 75/76B | €903 | €886 | -€17 | -1.9% |
| Recurring financial income | 75 | €903 | €886 | -€17 | -1.9% |
| Financial charges | 65/66B | €5,590 | €4,703 | -€887 | -15.9% |
| Recurring financial charges | 65 | €5,590 | €4,703 | -€887 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €12,726 | €7,572 | -€5,153 | -40.5% |
| Income taxes | 67/77 | €3,650 | €2,788 | -€862 | -23.6% |
| Profit (loss) for the period | 9904 | €9,075 | €4,785 | -€4,291 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,075 | €4,785 | -€4,291 | -47.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.